Leasehold Fish & Chip Restaurant Located In St Ives, Cornwall

Leasehold Fish & Chip Restaurant Located In St Ives, Cornwall
Prime Town Centre Trading Position
Licenced
Ref 3125

Asking Price £99,500 plus SAV (£2,000)

Location
This very popular Fish & Chip Restaurant is located in the stunning Cornish town of St Ives. Situated within a prominent and highly visible trading position close to the taxi rank and the cinema. The town has a number of complementary independent retailers along with National Blue Chip retailers and enjoys high levels of footfall and tourism, especially during summer months. St Ives the dazzling jewel in Cornwall's crown, offering above average levels of sunshine, a picturesque fishing harbour and seaside town voted the best holiday destination by Coast magazine. One of TripAdvisor's top 10 European beaches.

Business Description
Veritas Business Sales are delighted to offer for sale this respected Fish & Chip Restaurant which is located in the centre of St Ives, Cornwall. There has been a Fish & Chip Restaurant trading from these premises for the past 80 years and has been in the careful hands of the our clients for the past 4 years. They are now reluctantly offering the restaurant for sale due to other business interests requiring their attention.
Since ownership they have redesigned, refurbished, redecorated and invested in new equipment (including a brand new state of the art 5 pan range) along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. By The Sea is owner operated with the help of 4 full time and 2 part time members of staff depending on the time of year and has an annual turnover of £400,000. The Restaurant is licenced for alcohol and well known for serving quality fish & chips as well as a range of fresh fish dishes where all fayre is cooked fresh to order on site using only the finest produce. We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening at lunch times in the season as well as joining the online delivery portals such as just Eat and Deliveroo. The business already enjoys a strong reputation within the local community and beyond for quality of food and as such has a high level of regular repeat trade along with many visiting tourists. This is a superb opportunity to purchase a readymade business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Monday – Sunday – 17:00 – 21:00

Lease
Term: 15 years
Remaining: 12 years
Rent: £22,000 pa
Reviewed: 5 years
Business rates: £3,500 pa

Ground Floor
Restaurant (5.0m x 8.0m) comprising: tables & chairs to cover (34), sales counter with cash drawer and iPad, CCTV cameras, various pictures, various shelves, payment station, drinks fridge (Gamko), espresso coffee machine (Expobar), coffee grinder, ceiling mounted wine glass rack, glass wash machine (Maid-Aid), bar with usual draft beer equipment/chillers, wash basin, cash drawer & payment station, 2 door drinks fridge (Gamko), stainless shelves and serving window though to kitchen.
Kitchen (4.5m x 4.5m) comprising: 5 pan range (KFE Kiremko Frying Equipment), sink with drainer & directional hose, push through dishwasher, wash basin, salamander grill, upright fridge (Precision), upright freezer (AEG), undercounter fridge, fish fridge with 9 drawers and stainless steel top, 3 drawer fish fridge, 2 pot bain-marie, extraction system, various stainless shelves and 2 induction hobs.

Basement
Cellar & Storage (4.5m x 2.0m) with usual cellar requirements and various shelves.
Unisex W/C with wash basin.

EPC Rating C